SONM investment analysis

SONM is a decentralized fog computing project. What's interesting about this particular platform though, is that any device regardless of their computing power can join the network and earn tokens. This even includes mobile phones, which could be attractive to many people looking to put resources into a SONM investment.

This crypto project aims to net miners of other cryptocurrencies who may have dormant computer resources. They hope to build their network into a powerful fog computing behemoth by using lesser utilized components of powerful rigs such as CPUs.

While there are numerous competing blockchain projects in the cloud computing sector, SNM does have an interesting approach. By utilizing fog instead of cloud services they can offer their customers a much more efficient and faster experience. This processing power can be used for any purpose ranging from rendering, streaming, AI learning, game servers, dapps, web hosting and more.

These tasks will also allow a greater number of machines to "mine" as such participation in the SNM ecosystem and the blockchain community as a whole has the power to increase, further decentralizing their proposed network.

How to buy SONM?

The number of exchanges where investors can buy SONM is extensive. There's a good mix of popular and more off beat options which will give investors varying levels of privacy as some do not require any verification. The most viable trading pair here is Bitcoin, but there are additional suitable options such as Ethereum and US Dollar Tether should you desire to use them.

As this is an ERC20 asset, investors will need to utilize a compatible Ethereum wallet to store their tokens in. There's a ton of great options for this, but some popular options include My Ether Wallet, Coinomi for Android and iOS, Ledger's hardware wallet option and Meta Mask for browsers. Make sure that you always back up your wallet to protect your asset in the event of loss, theft or failure of the device that stores your wallet.

Is it safe to invest in SNM now?

The SONM analysis tells us that the social and google trends for this particular asset are excellent. They have attracted a lot of attention for their platform, and that's good news for anyone who is looking to invest in SNM. It's important to evaluate the reach and investor interest associated with an investment, as even the best technology will fail without proper marketing.

As for the technology, while SONM would appear to have many competitors in this space, they do offer a different computing variation. While cloud and fog computing have similar goals, the approaches are slightly different. SNM's fog computing set up benefits by not routing users information through a centralized entity like a cloud does. This not only improves performance, but it could be arguably safer for privacy retention.

One of this project's greatest appeals is to miners. Mining has become a very expensive venture in recent years, and through a scheme of guaranteed work and payments, SNM hopes to woo them into using their devices on their network. They plan to fill in the gaps that idle miners may be experiencing and utilizing other computers sources which they may not be using.

While the GPU is the most important feature to the average miner, SNM can also utilize other resources such as the CPU to generate additional income for these providers. In the case of the customer who would purchase this power, the most obvious benefit comes from a reduction in infrastructure cost for applications, but also in the uptime a decentralized and distributed network can provide.

In closing, SNM offers an interesting alternative to traditional cloud-based providers and services that currently control the landscape of business applications and games. They offer some distinct benefits by way of cost reduction, which can empower a company to provide better services, and by way of providing increased up time for developers and their clients.

While taking on Amazon, the current big dog in this sector is a tough job, it's possible that a decentralized option will prevail. Which one it will be is anybody's guess, but this quiet blockchain startup is certainly in the running.

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All cryptocurrency profit forecasts provided on the website are predicted based on the data obtained from the analysis algorithm and are published for informational purposes only. This information should not be used for any financial decisions. Always seek the help of a trusted financial advisor before committing to any investment and never invest money you cannot afford to lose.